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Elza
[17]
3 years ago
6
The beginning balance of a credit card account is $500 the monthly interest rate is 0.012 if a payment of $100 is made on the la
st day of the month what is the ending balance?
Mathematics
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1
answer:
elena-s
[515]
3 years ago
6
0
Hi there
Ending balance
Previous balance+finance charge-payment
Find the finance charge
500×0.012=6
Ending balance
500+6−100=406
Good luck!
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